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China’s Trade Surges Despite US Tariff Threats

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China’s overseas trade grew at a faster pace than expected last month, official data showed Monday, amid fresh fears of a major escalation in the tariff war between Beijing and Washington.

Exports jumped 8.3 per cent year on year in September, the General Administration of Customs said, beating a Bloomberg forecast of 6.6 per cent.

Imports rose 7.4 per cent, the data showed, significantly outpacing a Bloomberg forecast of 1.9 per cent.

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READ ALSO:US, China Agree To Slash Tariffs In Trade War De-escalation

The figures are a promising sign for the Chinese economy, which has in recent years been mired in a persistent spending slump just as pressure on its export-reliant manufacturing sector intensifies.

Shipments to the United States — the world’s largest consumer market — picked up last month to reach $34.3 billion, the data showed.

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The figure marked an 8.6 per cent rise from the $31.6 billion recorded in August.

READ ALSO:US Ends Tariff Exemption On Small China Shipments

Concerns spiked over the weekend that this year’s trade war between the world’s top two economies will worsen further following US President Donald Trump’s threat to impose additional 100 per cent tariffs on all Chinese goods.

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Beijing, in turn, accused Washington of acting unfairly, with its Ministry of Commerce on Sunday calling the threat a “typical example of ‘double standards’”.

Trump struck a more conciliatory tone on Sunday, writing in a social media post that the United States “wants to help China, not hurt it”.

AFP

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 ‘Pioneer Of Cable TV News’: Key Facts About CNN Founder, Ted Turner

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Ted Turner, the media businessman who founded CNN died at the age of 87. He died peacefully on Wednesday, surrounded by family, according to Turner Enterprises.

Contents

Launched 24-hour news television

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Built a media network

Expanded through sports

Recognition and influence

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Philanthropy and global causes

Environmental efforts

Health and later years

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Early career path

Leadership and legacy

Personal life

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Exit from business

Family

Below are key facts about his life and impact:

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Launched 24-hour news television

Turner founded CNN on June 1, 1980, introducing the first 24-hour news channel and changing how audiences follow global events.

READ ALSO:CNN To Layoff 200 Staff Amid Attempts To Modernise Business

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Built a media network

He moved from billboards into broadcasting, turning an Atlanta TV station into a national superstation in 1976. His business later grew to include CNN International, TNT, Turner Classic Movies and Cartoon Network.

Expanded through sports

Turner invested in sports broadcasting and owned teams including the Atlanta Braves and the Atlanta Hawks, using television to reach wider audiences.

Recognition and influence

In 1991, he was named Time magazine’s Man of the Year for his role in shaping modern news coverage.

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Philanthropy and global causes

He founded the United Nations Foundation and supported campaigns against nuclear weapons. In 1997, he pledged $1 billion to the United Nations.

READ ALSO:CNN President, Jeff Zucker Resigns After Failing To Disclose Secret Affair With Colleague

Turner supported conservation work, including reintroducing bison in the United States, and backed environmental education through the “Captain Planet” cartoon.

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Health and later years

In 2018, Turner revealed he had Lewy body dementia. He also recovered from a mild case of pneumonia in early 2025.

Early career path

He took over his father’s billboard company at 24 after his father’s death and later expanded into radio and television, despite limited experience in journalism.

I worked until 7 o’clock, and when I got home the news was over,” he once said. “So I missed television news completely. And I figured there were lots of people like me.”

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Leadership and legacy

READ ALSO:CNN Reporter Protests Nigeria’s $215 Single Entry Visa Fee

Ted was an intensely involved and committed leader, intrepid, fearless and always willing to back a hunch and trust his own judgement,” Mark Thompson, Chairman and CEO of CNN Worldwide, said in a statement. “He was and always will be the presiding spirit of CNN. Ted is the giant on whose shoulders we stand, and we will all take a moment today to recognize him and his impact on our lives and the world.”

Personal life

Turner married actress Jane Fonda in 1991, and they later divorced after 10 years, though they remained close.

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I would never love anyone like I love him,” she said. “But I just couldn’t keep moving in his world, along the surface for the rest of my life. I knew that I would get to the end of my life and regret not doing the things that I also needed to do for me.”

Exit from business

He sold his company to Time Warner in 1996 and later stepped away following its merger with AOL.

Reflecting on his life, Turner once said: “I lost Jane. I lost my job here. I lost my fortune, most of it. Got a billion or two left. You can get by on that if you economize.”

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Family

He is survived by his five children, 14 grandchildren and two great-grandchildren.

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Iran’s Nationwide Internet Shutdown Hits 70 Days

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NetBlocks, a monitoring group, has disclosed that an internet shutdown enforced by the Iranian regime has entered its 70th day, severing key access from swathes of the population under the shadow of war.

NetBlocks reported on Friday that the blackout has now surpassed 1,656 hours, marking more than two months since US-Israeli strikes pounded Tehran and escalated across the Middle East.

“Digital connectivity is vital in times of crisis,” NetBlocks said in a post on X. “Limiting service harms those most in need – people with disabilities, students, small businesses and the general public.”

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READ ALSO:US Underestimated Iran Before War – France’s Bardella

According to CNN, Iran imposed a separate internet shutdown on the country’s 92 million people earlier this year, when it launched the most lethal crackdown on anti-government protesters since the Islamic Republic’s founding 47 years ago.

CNN further reports that the latest blackout has cut off another potential lifeline for Iranian residents faced with high unemployment and economic pressure exacerbated by the US-Israeli campaign.

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(CNN)

 

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Gas Prices In US Edge Down After Two Weeks Of Increases

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The cost of a gallon of regular gas in the United States (US) has edged down a little more than a penny to $4.55.

According to AAA’s readings, this marks the first decline in the average gas price after 15 straight days of increases.

The decline is minuscule compared to the large increases in gas prices over the last two weeks.

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According to CNN, gasoline costs rose an average of nearly 4 cents a day during that period and had several daily increases of between 7 and 9 cents.

READ ALSO:Gas Station Explosion Rocks Calabar, Scores Injured, Property Destroyed

Also Read: Trump insists US-Iran ceasefire intact despite recent exchange of fire

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CNN also reports that based on past gas spikes, it will likely take weeks for gas prices to get down below $4 a gallon.

The report, however, states that a previous two-week stretch of gas price declines only shaved 14 cents off the average price, taking the average price to $4.02, before the recent 15-day run of increases.

READ ALSO:Tinubu Signs Executive Order To Protect Nigeria’s Oil & Gas Revenue

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According to CNN, it could take months for the average price to fall below $3 per gallon, as it did before the war in Iran.

CNN further reports that only one state – Oklahoma – now has an average price of less than $4 a gallon, and its average stands at $3.98. California has the highest average price at $6.16.

(CNN)

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